The latest update is out from Galaxy Digital Holdings ( (TSE:GLXY) ).
Galaxy Digital Holdings reported a net income of $174 million for Q4 2024 and $365 million for the full year, despite a legal settlement with the New York Attorney General impacting results. The company is progressing with its reorganization to become a Delaware-incorporated entity and plans to list on Nasdaq, subject to regulatory approvals. Additionally, Galaxy entered a significant 15-year lease agreement with CoreWeave to support AI and HPC infrastructure, expected to generate $4.5 billion in revenue. The company also saw substantial growth in its trading and advisory services, driven by increased derivatives activity and institutional demand.
More about Galaxy Digital Holdings
Galaxy Digital Holdings Ltd. is a diversified financial services company operating in the digital asset, cryptocurrency, and blockchain technology sectors. The company offers a range of services including trading, asset management, and investment banking, with a focus on leveraging its expertise in the digital asset space to serve institutional clients.
YTD Price Performance: -31.78%
Average Trading Volume: 183,914
Technical Sentiment Signal: Sell
Current Market Cap: $4.16B
See more data about GLXY stock on TipRanks’ Stock Analysis page.